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JUL 27, 2010 6:29pm ET

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Regions' Auto Lending Push, Settlement Talks Show New CEO's Hand

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Regions' CEO, O.B. Grayson Hall, said during a 2Q conference call Tuesday that the company will reenter the indirect auto lending business this quarter after quitting it two ...

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The $25 billion mortgage robo-signing settlement is:
Political extortion from the banks in an election year
A slap on the wrist — the banks put reserves away for this long ago, they won't even feel it
A source of relief for both banks and homeowners that could help the housing market and economy recover
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